Section 42-1401 - Sale of life estate and contingent remainder in issue upon application of life tenant

Sale of life estate and contingent remainder in issue upon application of life tenant

Where real estate is limited to 1 or more for life, with a contingent limitation over to such issue of 1 or more of the tenants for life as shall be living at the death of their parent or parents, and the deed or will does not prohibit a sale, said court may, on the application of the tenants for life, and if the court shall be of opinion that it is expedient to do so, order a sale of such estate and decree to the purchaser an absolute and complete title in fee simple.

CREDIT(S)

(Mar. 3, 1901, 31 Stat. 1205, ch. 854, § 97.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 45-1001.
1973 Ed., § 45-1101.

Current through September 13, 2012